Bihar State Power Generation Company (BSPGCL) has invited bids to set up a 10 MW floating solar project on Phulwaria Dam under the renewable energy service company model.

The last day to submit the bids is December 15, 2023. Bids will be opened on the same day.

Bidders must submit a bid security of ₹12 million (~$144,021). Selected bidders must submit ₹3 million (~$36,006)/ MW as a performance bank guarantee within 30 days of issuance of the letter of intent or before signing the power purchase agreement, whichever is earlier.

The scope of work includes setting up a floating solar project, including the transmission network up to the delivery point. The developer must obtain all the approvals, permits, and clearances. State power distribution companies will enter into a power purchase agreement with the developer to purchase power for 25 years.

Bidders should have commissioned solar projects of 5 MW cumulatively with at least one project of 1 MW.

They should have a minimum average annual turnover of ₹300 million (~$3.6 million) during the previous three financial years.

Bidders should have a positive net worth as of the last date of the previous financial year.

Only commercially established and operational technologies can be used to minimize the technology risk and to achieve the timely commissioning of the projects.

The projects’ declared annual capacity utilization factor (CUF) should not be less than 19%. The successful bidder must maintain generation to achieve annual CUF within + 10% and -15% of the declared value until the end of ten years from the commercial operation date, subject to the annual CUF remaining a minimum of 15% and within +10% and – 20% of the declared value of the annual CUF after that until the end of the PPA duration of 25 years.

Only solar modules registered in the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy must be used in the project.

The modules used should be Mono PERC and be warranted for their output peak watt capacity at not less than 90% at the end of 10 years and 80% at the end of 25 years.

The modules must be warranted for at least 10 years for material defects and workmanship failures.

In May last year, BSPGCL has invited bids to select consultants to develop 200 to 250 MW solar projects with battery energy storage systems in Bihar.

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